Despite promising technology in high demand, Yext (YEXT) constantly gets dinged following solid quarterly reports. The stock dip to the $15s is yet another opportunity to buy a 30% grower on weakness. My investment thesis remains bullish on the stock at 4x FY21 sales estimates.
Image Source: Yext website
Guidance Nonsense Again
The data content management company is a prime example of a stock where the focus on actual results is far more meaningful than guidance in relation to analyst estimates. For FQ2, the company reported revenues grew 31.8% to $72.4 million and